HomeMy WebLinkAboutA006 - Agreement for Public Improvements on
o Instrument:2014- 00009866
En M Date:Nor 03,014 04:15:1nP
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c Filed for record in Story +ounty_ Iowa
lusan L. Vande Kamer County Recorder
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INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northridge Pkwy., Ste. 101,Ames,IA 50010(515)288-2500
RETURN To: Brian D.Torresi,2605 Northridge Pk"., Ste. 101,Ames,IA 50010
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement for Public Improvements are UTHE DEVELOPMENT
COMPANY, L.L.C. (the"Owner") and the CITY OF AMES, IOWA (the"City").
WHEREAS, the Owner is in the process of platting real estate to be known as
NORTHRIDGE HEIGHTS SUBDIVISION SEVENTEENTH ADDITION,AMES,STORY
COUNTY, IOWA; and
WHEREAS,the Owner is required to construct certain improvements and utilities within the
real estate, to-wit: erosion control (COSESCO), street, curb and gutter, utilities,pedestrian ramps,
and landscaping.
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the Owner
shall deposit with the City a surety bond, letter of credit, or certified check in the amount of two
hundred forty thousand seven hundred fifty dollars and 00/100($240,750.00)conditioned upon the
completion of the improvements and utilities as required by the City for said subdivision on or before
the 28 day of October , 2016
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event Owner fails to do so as herein agreed, and to cover the costs thereof with the
letter of credit.
IT IS FURTHER AGREED that upon satisfactory completion of the said improvements and
utilities, including the paying of reasonable engineering and inspection fees therefore, the letter of
credit shall be released.
Dated this -) day of September, 2014.
UTHE DEVELOPMENT COMPANY, L.L.C.
By:
De E. Hunziker, Mkiager
By:
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this Z-6day of September, 2014,by Dean E.
Hunziker and Charles E. Winkleblack, as the Managers of Uthe Development Company, L.L.C.
o�� �. JENNIFER KAPAUN
It �Commission Number 783061
My Comm"o EVires Nota lic i nd for t e St too Iowa
My commissi expires %i
CITY OF AMES,IOWA
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,John Joiner
Director ofiublic Works
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